Topic - Bank Of England

The Bank of England (formally the Governor and Company of the Bank of England) is (despite its name) the central bank of the whole of the United Kingdom and is the model on which most modern, large central banks have been based. It was established in 1694 to act as the English Government's banker, and to this day it still acts as the banker for HM Government. The Bank was privately owned and operated from its foundation in 1694 until it was nationalised in 1946. In 1997 it became an independent public organisation, wholly-owned by Government, with independence in setting monetary policy. - Source: Wikipedia

Subscribe to this topic via RSS or ATOM
Related Stories
  • ** FILE ** Bob Diamond, chief executive of Barclays bank, listens during a plenary session at the World Economic Forum meeting in Davos, Switzerland, in January 2010. (AP Photo/Keystone, Laurent Gillieron)

    Barclays CEO Diamond quits in rate-fixing scandal

    Barclays Chief Executive Bob Diamond resigned Tuesday, the biggest scalp in a financial markets scandal that has ripped through the bank's senior management and sown the seeds for a new investigation into Britain's banking sector.

More Stories →

Happening Now